OriginClear Inc (OCLN)

[kimble1]

Does OOIL have Death Sprial Financing?
I think this language, "subject to adjustment for stock splits, dividends, distributions, recapitalizations and the like" in indicative of death spiral financing. If you don't know what that is, then you need to do some homework . . . immediately.
Back on July 10 the company filed notice of sale of unregistered shares which stated:
"From June 20, 2013 to July 10, 2013, the Company sold to accredited investors and to non-U.S. investors an aggregate of 1,258,000 shares of its common stock together with one-year warrants to purchase an aggregate of 1,028,000 shares of its common stock and three-year warrants to purchase an aggregate of 620,000 shares of its common stock for aggregate gross proceeds of $314,500. The warrants are exercisable at a price per share of $0.25, subject to adjustment for stock splits, dividends, distributions, recapitalizations and the like.


THIS IS POSTED IN YAHOOO>>>> LOL you guys are all DEAD MEN WALKING